MakeMyTrip Limited (NASDAQ: MMYT) announced the closing of its underwritten registered public offering of 16 million ordinary shares at $90 each, alongside an exercise of 2.4 million additional shares by underwriters. The company filed a prospectus supplement and base prospectus with the U.S. Securities and Exchange Commission $(SEC.UK)$, detailing the offering. Net proceeds of approximately $1.62 billion will be used to repurchase a portion of Class B shares from Trip.com Group Limited. The offering was conducted solely via the prospectus supplement and accompanying base prospectus, available on the SEC website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.